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Search results for: Trade

Md Habibur Rahman joins Standard Bank Limited as managing director and CEO

Md Habibur Rahman joins Standard Bank Limited as managing director and CEO

FE ONLINE DESK 2023-02-04 19:53:13

Md Habibur Rahman recently joined Standard Bank Limited as its managing director and CEO. Before assuming new responsibilities, he served Union Bank Limited and Southeast Bank Limited as Additional...

Prime Bank to provide loans to exporters using central bank fund

Prime Bank to provide loans to exporters using central bank fund

-- 2023-02-04 19:37:47

Prime Bank signed an agreement with Bangladesh Bank recently to disburse loans among exporters from a newly formed Tk 100 billion Export Facilitation Pre-finance Fund of the central bank. Hassan O. R...

Nestle to hike food prices further in 2023, CEO says

Nestle to hike food prices further in 2023, CEO says

-- 2023-02-04 18:39:30

Nestle will have to raise prices of its food products further this year to offset higher production costs that it has yet to fully pass on to consumers, Chief Executive Mark Schneider told a German ne...

Bangladesh Cotton Association, GCCI ink deal to facilitate information exchange

Bangladesh Cotton Association, GCCI ink deal to facilitate information exchange

FE Online Report 2023-02-04 18:04:47

Bangladesh Cotton Association (BCA) and the Gujarat Chamber of Commerce and Industry (GCCI) teamed up to facilitate the exchange of information and establish business links between members of the two...

FBCCI signs MoU with Brazilian agency to expand bilateral trade

FBCCI signs MoU with Brazilian agency to expand bilateral trade

-- 2023-02-04 17:38:54

Bangladesh and Brazil will work together to expand further the bilateral trade while both countries will support the industries under joint venture and joint collaboration. In this regard, a Memorand...

Dhaka Bank signs agreement with ULAB for collecting tuition fees

Dhaka Bank signs agreement with ULAB for collecting tuition fees

-- 2023-02-04 17:13:57

Dhaka Bank Limited signed an agreement for tuition fees collection with University of Liberal Arts Bangladesh recently. The  agreement was signed by Mr. Emranul Huq, managing director & CE...

BRAC Bank achieves 1000th Agent Banking milestone

BRAC Bank achieves 1000th Agent Banking milestone

-- 2023-02-04 16:48:19

BRAC Bank has achieved the 1,000 Agent Banking Outlet milestone as the rapid network expansion drive across Bangladesh continues for the financial inclusion of the unbanked people. The launch of Shah...

Adani Enterprises shelves $122m bond plan

Adani Enterprises shelves $122m bond plan

-- 2023-02-04 16:36:22

Adani Enterprises Ltd has shelved a plan to raise as much as 10 billion Indian rupees ($121.65 million), reports Reuters citing Bloomberg News on Saturday. The flagship firm of Indian billionaire Gau...

Berger’s Rupali Chowdhury featured in TIME magazine

Berger’s Rupali Chowdhury featured in TIME magazine

-- 2023-02-04 16:04:44

Rupali Haque Chowdhury, managing director of Berger Paints Bangladesh Limited (BPBL), has been featured in 2023’s first issue of TIME! In the featured content, the country's first female multina...

IFIC Bank honours the meritorious children of its employees

IFIC Bank honours the meritorious children of its employees

-- 2023-02-04 15:49:19

Meritorious children of IFIC Bank employees were felicitated in recognition of outstanding results in secondary and higher secondary and equivalent O-level, A-level examinations. To mark the occasion...

Japan exporters request Bangladesh to launch JUMVEA certificate

Japan exporters request Bangladesh to launch JUMVEA certificate

FE REPORT 2023-02-04 10:39:39

Exporters of used Japanese vehicles request Bangladesh to recognise and introduce JUMVEA (Japan Used Motor Vehicle Exporters Association) certificate aiming to check possible malpractices in the impor...

Essential commodities: Indian NACOF seeks PMO's intervention

Essential commodities: Indian NACOF seeks PMO's intervention

REZAUL KARIM 2023-02-04 10:00:33

An Indian multi-state cooperative federation seeks the prime minister's intervention to supply different commodities to Bangladesh from the neighbouring nation. The National Federation of Farmers' Pr...

Now gas dev funds being taxed

Now gas dev funds being taxed

DOULOT AKTER MALA 2023-02-04 09:50:45

Now the revenue board is bent on collecting value-added tax from three funds developed with VAT proceeds from subscriber bills for use in the country's energy security. VAT at a rate of 15 per cent w...

Global rice prices hit 12-year high in Jan: FAO

Global rice prices hit 12-year high in Jan: FAO

YASIR WARDAD 2023-02-04 08:59:37

The world rice prices hit a 12-year high in January 2023, raising further concern for the importing countries, according to a latest report of the Food and Agriculture Organisation of the UN (FAO). B...

Transporting growing trade cargos: Transporting growing trade cargos

Transporting growing trade cargos: Transporting growing trade cargos

MIR MOSTAFIZUR RAHAMAN 2023-02-04 08:57:41

Bangladesh is going to purchase six oceangoing cargo vessels from South Korea on a government-to- government-protocol basis, in a major move to boost its shipping capacity. To be built and supplied b...

Nonbanks bend under NPL buildups amid misdoing

Nonbanks bend under NPL buildups amid misdoing

JUBAIR HASAN 2023-02-04 08:34:57

Nonbank financial institutions (NBFIs) in Bangladesh are bending under non-performing loans (NPL) buildups which sector-insiders largely attribute to 'massive irregularities' reported in a few. Offic...

Moody’s says Adani stock plunge can hurt group’s ability to raise debt

Moody’s says Adani stock plunge can hurt group’s ability to raise debt

-- 2023-02-03 21:50:54

Credit ratings agency Moody's warned on Friday that the recent sell-off in Adani group's shares after a short-seller's report could reduce the Indian conglomerate's ability to raise capital, while its...

Sanofi posts 7pc sales growth in 2022

Sanofi posts 7pc sales growth in 2022

-- 2023-02-03 20:53:54

French pharmaceutical giant Sanofi announced on Friday that its full-year 2022 sales increased by 7.0 per cent year-on-year to around 43 billion euros (47 billion US dollars). Sales were up 12.2 per...

Broiler chicken, egg prices go up again

Broiler chicken, egg prices go up again

FE ONLINE DESK 2023-02-03 15:34:04

Farm chicken and egg have become pricier again augmenting owes of the limited income people further. Broiler chicken price shot up to Tk 180-190 a kg on Friday marking a Tk 20-25 hike per kg in a wee...

BKMEA to list all workers on database

BKMEA to list all workers on database

FE REPORT 2023-02-03 09:06:45

Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) on Wednesday renewed its agreement with CSL Software Resource Ltd to bring workers of all its member factories under database system...

Ctg port enters 10-metre draft era

Ctg port enters 10-metre draft era

Nazimuddin Shyamol 2023-02-03 08:54:05

CHATTOGRAM, Feb 02: Chattogram port has entered a new era as it now accommodates 10-metre draft vessels on a regular basis. Earlier, HR Wallingford, a company based in the United Kingdom (UK), conduc...

Tax revenue collection short of H1 target due to austerity

Tax revenue collection short of H1 target due to austerity

FE REPORT 2023-02-03 08:51:25

Tax revenue collection in the first half of the current fiscal year (FY) fell short of target by Tk 127 billion as an impact of government's belt tightening measures. Officials said restriction on im...

BAIRA members clash over sending workers to Malaysia

BAIRA members clash over sending workers to Malaysia

FE REPORT 2023-02-03 08:49:42

Two factions of recruiting agencies clashed with each other on Thursday over alleged syndication in sending manpower to Malaysia. The incident took place at a views exchange meeting at a city hotel,...

Spices astronomical long before Ramadan

Spices astronomical long before Ramadan

YASIR WARDAD 2023-02-03 08:44:45

Most of the spices have gone up in price exorbitantly in a week as traders are on the prowl to raise costs of the items long before Ramadan. Traders keep on citing low imports amid dollar crisis as t...

ShopUp gets Tk 3.0b debt financing

ShopUp gets Tk 3.0b debt financing

FE REPORT 2023-02-03 08:39:28

ShopUp, a B2B commerce platform in Bangladesh, received some Tk 3.0 billion debt financing from global and local lenders. It marks an important turning point for the nation's startup sector. The fina...

Jan exports witness 5.89pc growth despite all odds

Jan exports witness 5.89pc growth despite all odds

FE REPORT 2023-02-03 08:31:03

The export earnings grew by 5.89 per cent to US$ 5.13 billion year-on-year in January this year defying all odds, including the global economic slowdown. The country received $4.85 billion from mer...

Prohibitive duty coming on 50 more products

Prohibitive duty coming on 50 more products

DOULOT AKTER MALA 2023-02-03 08:26:43

Prohibitive duty is coming on nearly 50 more products as the government opts for high taxing to discourage their import to save forex in crisis time, sources say. However, duty-taxes on import of s...

BB rejects media reports of crisis in LC opening

BB rejects media reports of crisis in LC opening

-- 2023-02-02 21:00:23

Bangladesh Bank (BB) has rejected some media reports that there is a serious crisis in opening import LCs for daily essentials ahead of Ramadan. Executive Director and spokesperson of BB Mezbaul Haqu...

Mercantile Bank holds CIB Online Reporting training

Mercantile Bank holds CIB Online Reporting training

FE ONLINE DESK 2023-02-02 14:23:38

Mercantile Bank Limited recently organised a virtual training on ‘Internal Credit Risk Rating System with Highlights on CIB Online Reporting’ at its training institute in Dhaka. A total o...

UCB signs two MoUs with Asset Developments & Holdings Limited

UCB signs two MoUs with Asset Developments & Holdings Limited

FE ONLINE DESK 2023-02-02 12:18:26

United Commercial Bank PLC recently signed two Memoranda of Understanding (MoUs) with Asset Developments & Holdings Limited, says a press release Thursday. As per the payroll agreement, employees...